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  • Make An Additional Contribution By Mail - Michigan Education ...

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MA 02205-5925 Visit www.misaves.com Instructions Use this Additional Contribution by Mail form only to contribute to an existing Program Account. (You must complete an Account Application to open an Account for another Account Owner and/or Beneficiary.) A separate Additional Contribution by Mail form is required for each Account. You can obtain additional copies of this form, or any Program form, by calling the Program or by visiting www.misaves.com and clicking on Account Forms. Prin.

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How to fill out the Make An Additional Contribution By Mail - Michigan Education Savings Program form online

Filling out the Make An Additional Contribution By Mail form provides a straightforward way to contribute to your existing Michigan Education Savings Program account. This guide will walk you through each section of the form to ensure your contribution is processed smoothly.

Follow the steps to accurately complete the form.

  1. Press the ‘Get Form’ button to retrieve the form and open it for editing.
  2. Begin with the account information section. Locate your account statement and provide the required details such as your fund and program account number, account owner or custodian's name, and the beneficiary's name.
  3. In the contribution check information section, select whether you are using personal checks, bank drafts, or third-party personal checks. Make sure that the checks are endorsed to the Michigan Education Savings Program as specified.
  4. Proceed to the investment option information. Indicate whether this is a new investment option and select from the available options. Remember, this section is mandatory; omitting it will result in rejection of your contribution.
  5. Enter the total contribution check amounts in the specified areas, ensuring the total is accurately calculated.
  6. Once all sections are filled out, review the form for accuracy. After confirming that all information is correct, you can save your changes, download the form, print it, or share it as needed.

Complete your contribution online today to support educational savings.

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Drawbacks of 529 savings plans If you do need to withdraw funds or use them for noneducation-related expenses, you'll incur a 10% penalty and owe taxes on any investment gains.

Individual taxpayers may deduct up to $5,000 in MESP contributions each year from their Michigan adjusted gross income, and taxpayers filing jointly may deduct up to $10,000. Investment earnings are 100% free from federal and state taxes when used for qualified education expenses.

Ideally, you should save at least $250 per month if you anticipate your child attending an in-state college (four years, public), $450 per month for an out-of-state public four-year college, and $550 per month for a private non-profit four-year college, from birth to college enrollment.

Your MESP funds can be used at any accredited university in the country—and even some abroad. This includes public and private colleges and universities, apprenticeships, community colleges, graduate schools and professional schools. Up to $10,000 annually can be used toward K-12 tuition (per student).

Contributing to an existing MESP account is easy and secure with our online Ugift® platform. Gift contributions can also be made by check and mailed in. Michigan taxpayers' gifts may be eligible for the state tax deduction. Check with your tax professional.

- The Michigan Education Savings Program (MESP) is Michigan's direct sold 529 savings plan.

Unique tax benefits Individual taxpayers may deduct up to $5,000 in MESP contributions each year from their Michigan adjusted gross income, and taxpayers filing jointly may deduct up to $10,000. Investment earnings are 100% free from federal and state taxes when used for qualified education expenses.

MESP provides the maximum allowable 529 plan tax benefits available to Michigan taxpayers. When you contribute to an MESP account, any earnings can grow federal and Michigan income tax-deferred until withdrawn.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232